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Avoiding The Tax Man For Owners Of Homes Sold In Foreclosure & Short Sale Situations

By r morris

In Palm Springs, California, The Desert Sun reports:It has become clear that more taxpayers have debt cancellation income than ever before. As the ?Great Recession? heated up this past year, credit card lenders increasingly agreed to accept reduced payoffs from troubled borrowers and forgive the rest. As well, more lenders foreclosed on homes or agreed to short sales. In each case, the borrower

Full post as published by The Home Equity Theft Reporter on March 09, 2010 (boomark / email).